Ron Baron

Ron Baron

Last Update: 02-14-2017

Number of Stocks: 322
Number of New Stocks: 35

Total Value: $17,759 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ron Baron' s Profile & Performance

Profile

Ron Baron is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings.

Web Page:http://www.baronfunds.com/

Investing Philosophy

Ron Baron invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.

Total Holding History

Performance of Baron Partners Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20164.0411.96-7.9
2015-2.711.38-4.1
201410.2613.69-3.4
3-Year Cumulative11.6 (3.7%/year)29 (8.9%/year)-17.4 (-5.2%/year)
201347.6332.3915.2
201216.4160.4
5-Year Cumulative91.8 (13.9%/year)98.2 (14.7%/year)-6.4 (-0.8%/year)
2011-5.742.11-7.8
201031.5215.0616.5
200928.226.461.7
2008-46.67-37-9.7
200711.345.495.9
10-Year Cumulative81 (6.1%/year)95.7 (6.9%/year)-14.7 (-0.8%/year)
200621.5515.795.8
200514.374.919.5
200442.3510.8831.5
200334.9528.686.3
2002-18.07-22.14.0
15-Year Cumulative296 (9.6%/year)164.2 (6.7%/year)131.8 (2.9%/year)
2001-15.71-11.89-3.8
20004.82-9.113.9
199918.4221.04-2.6
199811.6828.58-16.9
199749.8833.3616.5
20-Year Cumulative593.5 (10.2%/year)339.2 (7.7%/year)254.3 (2.5%/year)
199616.1322.96-6.8
199536.9437.58-0.6
19944.761.323.4
199328.7810.0818.7
199216.837.629.2
25-Year Cumulative1638.3 (12.1%/year)791.8 (9.1%/year)846.5 (3%/year)

Top Ranked Articles

Intel, Mobileye Join to Advance Autonomous Vehicle Technology Deal is valued at around $15 billion
In the latest move by a technology company to advance the development of self-driving cars, Intel Corp. (NASDAQ:INTC) announced on March 13 it has reached an agreement to buy Israel’s Mobileye NV (NYSE:MBLY) for approximately $15.3 billion. Read more...
Baron Funds Comments on Worldpay Group plc Guru stock highlight
Most recently, we participated in the successful IPO of WorldpayGroup plc (LSE:WPG), a U.K.-based provider of technology solutions that enable merchant customers to accept digital payments. We particularly like Worldpay’s strategic positioning in the complex and fast-growing niche of multi-currency, e-commerce transactions. The company is a leader in Europe, serving approximately 400,000 merchants across a variety of end-markets, sizes and geographies. Read more...
Baron Funds Comments on TAL Education Group Guru stock highlight
TAL Education Group (NYSE:XRS) is a leading Chinese K-12 tutoring company, operating over 300 learning centers in two dozen cities across China. Shares of TAL rose in the first quarter, driven by growth in student enrollments of more than 50%. We maintain conviction in TAL Education Group as we see its significant opportunity to gain market share in after-school tutoring by expanding existing learning centers, opening new learning centers in existing cities and expanding into new cities while generating strong cash flow. Read more...
Baron Funds Comments on YUM! Brands Guru stock highlight
Shares of YUM! Brands, Inc., (NYSE:YUM) a global operator and franchisor of the Pizza Hut, Taco Bell, and KFC restaurant brands, were up in the first quarter as the date of its spin-out of its struggling Chinese business approaches. News that private equity funds are considering investing in YUM! China lent support to estimates around the value of that business. We believe the ex-China operation is a high-quality, capital-efficient franchising business with continued growth potential and the Chinese business offers some optionality for a turn-around. Read more...
Baron Funds Comments on Amazon.com Guru stock highlight
Ask your typical investor to name the Walmart online, and many will reflexively say Amazon.com, Inc. (NASDAQ:AMZN) In one very narrow sense, we agree with that description. Amazon has been successful at attaining its original goal. Last year, it became the fastest company to reach $100 billion in annual sales, and it is now the world’s largest online retailer. But we think of Amazon as much more than that. Read more...
» More Ron Baron Articles

Commentaries and Stories

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Elon Musk Invests in Tesla Stock has gained 28% since 4th-quarter 2016 PRIMECAP Management, Ron Baron, Paul Tudor Jones,  - Elon Musk Invests In Tesla
Elon Musk, chairman and CEO of Tesla Inc. (NASDAQ:TSLA), purchased 95,420 shares on March 17 for $262 per share, according to a filing with the SEC. More...

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Baron Funds Comments on Kraton Corp Guru stock highlight
Shares of specialty chemical company Kraton Corporation (NYSE:KRA) decreased in the fourth quarter as management reduced fiscal year guidance again. We believe the reduction was due to exogenous, temporary factors, leaving our long-term thesis intact. We think the company is on track to execute its plan to grow earnings through cost savings, acquisition synergies, and organic growth, while generating significant free cash to delever the balance sheet, accruing value to equity holders. More...

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Baron Funds Comments on SolarEdge Technologies Guru stock highlight
SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a leading provider of DC optimizers and inverters for residential and commercial solar systems. The share price fell in the fourth quarter on investor concerns around sluggish residential market growth as a result of changing purchase behavior and slowing growth of the largest installers. New competitors are looking to penetrate the U.S. market in 2017, suggesting amplified pricing pressure above market expectations and potentially lost market share for SolarEdge. We exited our position. More...

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Baron Funds Comments on Newfield Exploration Guru stock highlight
Newfield Exploration Co. (NYSE:NFX) is an independent E&P company focused on shale oil fields in Oklahoma, Utah, and North Dakota. Shares fell in the fourth quarter after the company reported quarterly results that fell short of analyst expectations despite raised production guidance and increased activity in its highest return assets in Oklahoma. We like shares at these prices and believe there is more upside to resource potential and opportunities for Newfield to sell non-core assets to accelerate development of its higher return assets. More...

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Baron Funds Comments on Rice Energy Guru stock highlight
Rice Energy Inc. (NYSE:RICE) is an independent E&P company focused on the Marcellus and Utica shales in Pennsylvania and Ohio. Shares declined in the fourth quarter due to a weakening natural gas outlook and higher exposure to Appalachia in-basin pricing following Rice’s acquisition of Vantage Energy. We believe Rice offers exposure to some of the best acreage and industry-leading production growth. We also think that the market underappreciates the value of Rice’s midstream holdings. More...

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Baron Funds Comments on Flotek Industries Guru stock highlight
Flotek Industries, Inc. (NYSE:FTK) supplies chemical additives to the global oil and gas industry. It has a proprietary product (CnF) that helps increase oil and gas shale well productivity. Shares fell in the fourth quarter following a short seller’s assertion that independent consultant studies commissioned by Flotek were based on incomplete data and failed to consider key variables. After incorporating additional data, the consultant confirmed its conclusion that CnF improves well productivity. We expect shares to rebound as Flotek proves demand for CnF remains solid. More...

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Baron Funds Comments on Targa Resources Corp Guru stock highlight
Targa Resources Corp. (NYSE:TRGP) has a prime gathering and processing footprint in low cost oil and gas basins (specifically the Permian Basin) and the Gulf Coast. Shares of this midstream energy company rose during the fourth quarter on recovering commodity prices after OPEC signed a deal to cut production. We believe this deal will translate into better visibility, volumes, and operating leverage for Targa, allowing it to stabilize its dividend and improve its coverage ratio, and explore potential avenues for growth through better utilization and footprint expansion. More...

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Baron Funds Comments on Valero Energy Corp Guru stock highlight
Shares of Valero Energy Corporation (NYSE:VLO), the largest independent refining & marketing company in the U.S., rose on solid third quarter results driven by lower operating costs and reduced capital budget guidance. Shares also rallied on post-election sentiment that positive regulatory changes will help with rising Renewable Identification Number costs. Valero has produced strong free cash flow and returned cash to shareholders through dividends and share repurchases that we believe will result in a potentially higher share price over the next several years. More...

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Baron Funds Comments on Halliburton Co. Guru stock highlight
Halliburton Co. (NYSE:HAL) is one of the largest diversified oilfield service and equipment companies in the world. Shares increased in the fourth quarter as the company reported strong earnings on lower costs and margins in North America that beat Street expectations. Shares also rallied after OPEC’s decision to cut output. We believe Halliburton has a market-leading position in North American unconventional plays and is the best positioned company to benefit from the ongoing recovery in onshore well completion activity. More...

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Baron Funds Comments on Encana Corp Guru stock highlight
Encana Corp. (NYSE:ECA) is an E&P company with operations in Western Canada and Texas. The stock rose in the fourth quarter after Encana reported production guidance that beat Street expectations, a solid multi-year growth outlook, and lower cash costs. Encana has strong positions in two of the more attractive oil plays in the Permian and Eagle Ford Basins and two of the lowest cost natural gas basins in Western Canada. We believe Encana is one of the most attractively valued E&P companies with strong long-term growth and returns potential. More...

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Baron Funds Comments on RSP Permian Guru stock highlight
RSP Permian, Inc. (NYSE:RSPP) is an independent exploration and production (E&P) company focused on the Permian Basin in West Texas. Shares rose in the fourth quarter after the company raised its production guidance, delivered strong quarterly results, and acquired Silver Hill Energy Partners in the core of the Delaware sub-basin in the Permian. We believe shares will benefit from improvements in operating results and prudent cost management as the company generates peer-leading production growth and integrates the acquired Silver Hill properties in the Delaware Basin. More...

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Baron Energy and Resources Fund 4th Quarter Commentary Review of holdings and markets Ron Baron - Baron Energy And Resources Fund 4th Quarter Commentary
Dear Baron Energy And Resources Fund Shareholder: More...

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Intel, Mobileye Join to Advance Autonomous Vehicle Technology Deal is valued at around $15 billion Frank Sands,Ron Baron,Jim Simons,PRIMECAP Manageme - Intel, Mobileye Join To Advance Autonomous Vehicle Technology
In the latest move by a technology company to advance the development of self-driving cars, Intel Corp. (NASDAQ:INTC) announced on March 13 it has reached an agreement to buy Israel’s Mobileye NV (NYSE:MBLY) for approximately $15.3 billion. More...

AUTONOMOUS VEHICLES, INTEL, MOBILEYE, AUTO


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American Assets Trust CEO Invests in Company Insider purchases 10,407 shares Paul Tudor Jones,Ron Baron - American Assets Trust CEO Invests In Company
American Assets Trust Inc. (AAT) CEO, President, Chairman and 10% owner Ernest Rady (Insider Trades) bought 10,407 shares of the company on Feb. 24. The price per share was $43.92, for a total transaction of $457,075. More...

ERNEST RADY, AMERICAN ASSETS TRUST INC, INSIDER TRADES


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Baron Perspective: Don’t Get Bitten by Biases By Baron Funds president and COO Linda Martinson Ron Baron - Baron Perspective: Don’t Get Bitten By Biases
2016 was an unusual year. The Cubs won the World Series, Leicester City F.C. won the English Premiership and Ryan Lochte vandalized a gas station bathroom. More...

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Baron Opportunity Fund Comments on CoStar Group Guru stock highlight
CoStar Group, Inc. (NASDAQ:CSGP) has been one of the Fund’s longest investments. As we described earlier, the stock fell when CoStar’s management announced an incremental $20 million investment to target a $200 million, high-margin incremental and recurring revenue opportunity. CoStar’s stock reached a high of just under $225 this summer but fell to a low of $180 after this announcement. We thought the market significantly overreacted and decided to “max out” (we can buy up to a 5% position at cost) our CoStar investment. Over the 15 years we’ve been investors in CoStar, we’ve witnessed first-hand the company’s successful track record of investments and believe this latest one will be no different. The stock has already recovered a good amount, and sits around $200 at this writing. More...

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Baron Opportunity Fund Comments on Ultragenyx Pharmaceutical Guru stock highlight
Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) is a developer of drugs for rare diseases whose patients number in the hundreds to thousands and tend to have no available treatments with dire associated outcomes. Ultragenyx currently has four drugs in clinical development targeted at treating six rare disease disorders. Lead program KRN23 for bone-related disorders could be on the market as soon as this year, with its next product, triheptanoin for metabolic disorders, generating pivotal data throughout 2017. Led by Emil Kakkis, the former chief medical officer of Biomarin, a $15 billion rare disease pioneer, we expect continued execution and excellence from Ultragenyx as it helps discover, develop, and commercialize therapies for these orphan disorders. More...

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Baron Opportunity Fund Comments on Splunk Guru stock highlight
We purchased Splunk, Inc. (NASDAQ:SPLK) as the stock came back in from its mid-summer high when many software and internet stocks sold off after Election Day. Splunk is one of the leading “big data” businesses, providing a real-time operational intelligence software platform that enables its customers to search, monitor, analyze, and visualize machine-generated data coming from websites, applications, servers, networks, sensors, and mobile devices. Its software transforms machine generated data into valuable insights in areas such as security and fraud, IT operations, log management, business analytics, and application delivery. Splunk’s growth is being propelled by the explosion of “big data”–data volumes are growing at roughly a 50% rate (with machine-generated data growing closer to 80%) and this data can now be captured, stored, and analyzed to extract actionable business intelligence. Growth in the frequency and severity of cybersecurity breaches are accelerating demand for security monitoring software, which represents around 40% of Splunk’s bookings, as many customers have made Splunk the “nerve center” of their security operations. The emerging More...

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Baron Opportunity Fund Comments on Edwards Guru stock highlight
Edwards (NYSE:EW) is the world’s leading manufacturer of tissue heart valves and repair products, which are used to replace or repair a patient’s diseased or defective heart valve. Edwards has leveraged the knowledge and experience from its surgical tissue heart valve business to develop transcatheter heart valve replacement technologies, designed to treat heart valve disease using catheter-based approaches as opposed to open surgery. Transcatheter aortic valve replacement (TAVR) is an innovative procedure in which a valve is inserted through a catheter and implanted within the diseased aortic valve. The procedure is significantly less invasive than surgery, takes about 90 minutes and recovery can be as short as a few days. TAVR is transforming the market because it provides a new, less invasive treatment option for patients ineligible for surgery or at high surgical risk. Edwards believes there are about 650,000 aortic stenosis patients addressable with TAVR–over twice their prior view of the addressable market–only a fraction of which are being treated with TAVR today. Edwards is also investing in transcatheter valve technologies to treat patients with mitral and tricuspid diseases–which More...

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Baron Opportunity Fund Comments on Intuitive Surgical Guru stock highlight
Intuitive Surgical (NASDAQ:ISRG) manufactures and markets the da Vinci Surgical System, a robotic surgical system consisting of a surgeon’s console, a patient-side cart, a high performance vision system and proprietary “wristed” instruments and surgical accessories. The da Vinci system seamlessly translates the surgeon’s natural hand movements on instrument controls at the console into corresponding micro-movements of instruments inserted into the patient through small puncture incisions or ports. The da Vinci provides the surgeon with the intuitive control, range of motion, fine tissue manipulation capability and 3-D vision characteristics of open surgery, while simultaneously allowing the surgeon to work through the small ports of minimally-invasive surgery. Patients treated with the da Vinci system benefit from improved clinical results, smaller incisions, fewer complications, less blood loss, less nerve damage, reduced pain and faster recovery compared with open surgery. The company is targeting four million annual surgical procedures worldwide and, we believe, this target is likely to increase over time. In 2016, roughly 750,000 procedures were performed using Intuitive’s More...

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